CRANBURY, N.J.--(BUSINESS WIRE)--Robcor Properties, Inc. (OTCBB:RBCR) and its wholly-owned subsidiary, Redpoint Bio Corporation, today announced the completion of the final closing of a private placement raising an additional $13 million of gross proceeds, bringing the total private placement gross proceeds to $33 million. Redpoint is a company developing compounds to improve the taste of pharmaceutical, food and beverage products. National Securities Corporation and Brean Murray, Carret & Co., LLC were placement agents for the transaction.
